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The Ethereum network has burned 3 million coins since the activation of EIP-1559.

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Updates on Zero-Fee Bitcoin Trading & BUSD Zero Maker Fee Promotion

Binance Expands True USD (TUSD) support - from March 22, zero commission will be only in the BTC/TUSD pair.

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USDT has twice surpassed USDC in terms of capitalization

Amid the USDC temporary depeg, Tether’s USDT market capitalization rose to $74.7 billion, nearly double that of its nearest competitor.

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At the time of writing, Circle's stablecoin capitalization is $37.6 billion.

The same indicator for USDC fell to 30%. The stablecoin peaked at 38% in the summer of 2022 when USDT lost its peg to the dollar amid the collapse of the Terra ecosystem . However, the issuer did not experience any problems with the repayment of obligations and redeemed assets worth $600 million in a day.

🕯 Another factor behind Tether’s rise in popularity is likely the regulatory issues of Binance (BUSD), which has a dominance of 11%.

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Buterin recalled the importance of independent storage of cryptocurrencies

Ethereum co-founder Vitalii Buterin called for self-storage of digital assets and wrote a post on Reddit about choosing a multisig wallet.

💬 “Multisig wallets are an easy and secure way to own and can give you most of the key benefits of self-storage,” he wrote.

Among the advantages of such a decision, Buterin noted the absence of personal responsibility for the entire security system and the risks of losing funds in the event of the collapse of a centralized structure, “which seemed to be trustworthy.”

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I personally use a multisig wallet to store most of my funds, as does the Ethereum Foundation,🔠 added the co-founder of Ethereum.

🔠 He also recommended that custodians be tested at least once a year and selected based on their needs for reliability and speed in accessing funds.

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The fear and greed index reached its highest level in a year and a half

The Fear and Greed Cryptocurrency Index reached 68, which is the highest value in the last almost a year and a half.

🗓 Comparable marks were observed back in mid-November 2021, against the backdrop of Bitcoin reaching an all-time high at $69,000. After that, the indicator basically signaled the deterioration of market sentiment and the prevalence of "fear" among market participants.

🕯 The growth of the metric values occurs against the background of the recovery of the cryptocurrency market. The capitalization of the latter has reached $1.2 trillion.

Over the past 30 days, digital gold has risen in price by more than 13%. At the time of writing, Bitcoin is trading at $27,800.

📊 Earlier, analyst Michael van de Poppe allowed the quotes of the first cryptocurrency to fall to $25,000 if the asset does not hold above $27,000.

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EUR₮ and XAU₮ Now Available on Bit2Me

March 21, 2023 — Tether Operations Limited (Tether), the company operating the blockchain-enabled platform tether.to that powers the first and most widely used stablecoin, announced today that EUR₮ and XAU₮ are now available on Bit2Me, a cryptocurrency exchange and financial platform.

✔️ Bit2Me specializes in financial technology helping exchanges, mining pools, token issuers, investment funds, governments, and institutions access, trade, and manage cryptocurrencies and digital assets. Created to provide transparency and open financial systems to the masses making markets more efficient, Bit2Me2 supports multiple initiatives in the DeFi ecosystem, offers wallet features, and recently launched a credit card via the Mastercard Network.

💬 “We are thrilled at the opportunity to bring EUR₮ and XAU₮ to an entirely new platform,” said Paolo Ardoino, CTO of Tether. “Bit2Me users now have access to the most liquid, transparent stablecoin on the market and will be able to move in and out of positions seamlessly and with confidence.”

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📣

#Tether CTO Paolo Ardoino Live at #ParisBlockchain Week

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Wallet bot added the ability to buy USDT in Telegram

🪙 The developers of the Wallet bot in Telegram have opened access to buying and selling USDT.

Users were able to transfer the stablecoin to the app’s internal wallets via chats, as well as buy and sell it through a P2P service.

🔤 There is no commission for peer-to-peer transactions from buyers, and for sellers it will be 0.9%.

The developers have also updated the user interface of the P2P service, making it easier to access the trading section.

Previously, the Wallet bot only supported 💰Bitcoin and 🪙Toncoin.

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KyberSwap Announces Farming Pools for Arbitrum Tokens

Non-custodial exchange KyberSwap will launch pools and liquidity mining for ARB tokens.

🕯 KNC tokens will be credited for the following trading pairs:

ARB/ETH (🟠🟠);
ARB/ETH (🟠🟠);
ARB/USDT (🟠🟠);
ARB/USDT (🟠🟠);
ARB/KNC (🟠🟠).

In total, the Kyber Network behind the exchange will allocate 70,000 KNC to liquidity providers.

🎁 KyberSwap was among the protocols whose users connected to the Arbitrum testnet and made transactions on the platform, thus becoming eligible for the airdrop.

💬 “We are excited to launch the first ARB liquidity mining pools. These services mark the start of an extensive Arbitrum-focused campaign that KyberSwap has planned. We will soon announce additional rewards and events for both liquidity pools and traders,” said Viktor Tran, CEO and founder of the project.

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Joseph Lubin: Ethereum is not a security, but a highly liquid commodity

🔹 Ethereum co-founder Joseph Lubin said in an interview with CNBC that the second largest cryptocurrency by capitalization is not a security. According to him, the asset is more like a highly liquid commodity.

💬 “I don’t think it makes sense to speculate about something extremely unlikely [Ethereum being recognized as a security]. People are buying barrels of oil with the expectation of a profit,” Lubin said.

He added that "anyone can say anything, but that doesn't make it true."

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ARK INVEST SCOOPS UP COINBASE, BLOCK SHARES FOR SECOND STRAIGHT DAY

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Cathy Wood's ARK Invest bought $12.6 million of Coinbase (COIN) shares on Friday, the second straight day the fund bought the crypto exchange's stock after the company received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) on March 22, sending COIN tumbling 16% the next day. The shares gained 1.5% on Friday to close at $67.83 apiece.

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According to an email sent Friday night U.S. time, 155,833 shares went to ARK Innovation EFT (ARKK), and 26,395 shares went to ARK Next Generation Internet EFT (ARKW).

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☄️

THORChain network suspended due to vulnerability

Developers of the multi-chain protocol THORChain suspended the network due to "credible reports of a potential vulnerability."

💬 “As a precautionary measure, steps have been taken to stop THORChain globally,” said team member Pluto (9R).

The project's Twitter account confirmed the suspension of trade during the investigation.

💬 “Currently, an assessment and verification of the validity of the claim is being carried out,” the report says.

📊 The price of the RUNE token has decreased by 4.8% over the past 24 hours to $1.33 (CoinGecko). The fall roughly corresponds to the market trend: Bitcoin has fallen in price by 2.5% over this period, and the total capitalization of cryptocurrencies has decreased by 2.2%.

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Regulatory Pressure on Binance Didn't Break Bitcoin Hodlers

The CFTC lawsuit against Binance and its CEO Changpeng Zhao did not lead to a significant outflow of users from the platform and did not shake investor confidence in the first cryptocurrency. These are the conclusions made by Glassnode analysts.

📊 Against the backdrop of continued consolidation of the price of bitcoin in a narrow range with reaching levels above $29,000, experts drew attention to a structural shift in stablecoins.

From its peak of $161.56 billion a year ago, the decline in capitalization of the four major stablecoins reached 22% ($125.8 billion).

🪙 The share of USDT increased to 63.7% ($79.5 billion) due to USDC, which sincedepegaamid turbulence in the banking sector, the US recorded a net conversion to fiat of $10 billion ($33.3 billion). The Circle and Coinbase curated stablecoin dropped to 26.5%.

🪙 The capitalization of BUSD collapsed by 52% to $7.7 billion with a share of 6.1%, if it is counted from the moment the NYDFS ordered to stop issuing the stablecoin to Paxos.

Since the beginning of the year, the Binance balance denominated in bitcoin and Ethereum has shown an increase of 67,930 BTC in the first case and zero dynamics in the second.

💬 “Despite the net outflow of stablecoins, the market does not express widespread concern about the position of the crypto exchange. Growing tensions between Binance and regulators have not affected its status as the largestOC", - experts emphasized.

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It's official. Gold price just passed the $2000 mark!

Join the gold rush and learn more about Tether Gold $XAUt.

It's just like gold but with all the benefits of a blockchain token.

➡️

https://gold.tether.to/

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🦊

The MetaMask browser extension (v10.28) will start displaying 🖼NFTs if you enable their automatic detection.

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Stablecoins form the core of countless new economic tools that Tether believes will be essential to most modern economies in the coming decades. They eliminate redundant and inefficient layers of bloat and middlemen designed to extract value from financial transactions. Given that financial transactions are the lifeblood of an economic system, any tax on the basic structure of payments is a tax on the entire economy as a whole.

💵 The money of the future will restore this captured value back to the people. It will empower individuals to save, earn, and do more.

💬 Prioritizing Risk Management Amid Growth

The last several weeks have been a significant time for the industry, and for Tether. In the wake of bank failures across the US and Europe, Bitcoin has emerged ready to do what it was always built to do - protect people's wealth against financial system failures. However, we have also seen other stablecoins face major challenges due to their reserves being concentrated among failed US banks or in financial distress because of inappropriate risk management.

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Contrary to the irresponsible reporting by Bloomberg, Tether wants to unequivocally re-iterate that it has no exposure to Silvergate, Silicon Valley Bank and Signature Bank. The title and tone of its recent article would lead the average reader to believe that this was somehow false.

However, several paragraphs into the article Bloomberg states the following: "The offshore stablecoin provider has never been sanctioned, and therefore doing business with the firm wouldn’t be illegal, according to Alma Angotti, who held senior enforcement positions with the Securities and Exchange Commission and Treasury".

After the clickbait title, even the journalist admits that there wouldn’t be any issue for Tether and Signature Bank to collaborate, yet it fails to explain that Tether didn’t have an account with Signature Bank.

❗️ It is shocking that Bloomberg continues to rely on misinformation and clickbait in its attempt to stay barely relevant.

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